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Press release: ‘Easypaisa Loan’, Pakistan’s First Digital Nano Loan Launched By Telenor Microfinance Bank
This innovative service is aimed at the common man who has no access to formal loans or banking services. It enables easy access to working capital requirements for farmers, self-employed individuals, street hawkers, and home-based workers. It also works as an effective tool in creating financial literacy by incentivizing positive credit behavior through access to better borrowing terms.
- Categories
- Finance
- Region
- South Asia
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China, US are not the only nations that support overseas development
Despite Beijing’s and Washington’s massive investment plans for Asia, they are not the first to support socioeconomic development programmes in the region or elsewhere.
- Region
- Asia Pacific
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Development Bank of Nigeria to provide low interest loans to 10,000 MSMEs
A statement from the DBN said the loan is part of measures aimed at addressing the financing challenges facing MSMEs in Nigeria.
- Region
- Sub-Saharan Africa
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Press release: BFA’S Catalyst Fund Initiative that Accelerates the Future of Fintech in Emerging Markets Reaches 20 “Inclusive Fintech” Companies
“Bank accounts and payment transfers are receiving a lot of attention and are growing in the number of subscribers, but they aren’t being used with the frequency that you’d expect,” said David del Ser, a Director at BFA. “We’re accelerating inclusive fintech companies whose solutions will achieve greater usage and help address the complete financial lives of these populations — there is great need and demand for these kinds of products and services in emerging markets.”
- Categories
- Finance
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New Guidance for Companies to Report Their Impact on the Sustainable Development Goals
“Effective corporate reporting is key to building trust and aligning investment through transparency and accountability. This guide helps businesses move beyond the current trend of simply mapping activities and programs against the SDGs to driving change,” says Tim Mohin, Chief Executive at GRI.
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Phone monopoly is big prize in Ethiopia sell-off
“Everyone is here. MTN is here, Safaricom. I mean everyone is coming,” the new head of the Ethiopian Investment Commission (EIC) said of the stiff competition to enter the previously off-limits telecoms sector.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Village Enterprise Closes Investment for First Development Impact Bond for Poverty Alleviation in Sub-Saharan Africa
"This DIB, which pays Village Enterprise for improvements in income levels of extreme poor households, is remarkable because of the ambitious outcomes it incentivizes…. We also hope to generate important lessons on how to effectively commission, adapt and scale promising poverty alleviation programs"
- Region
- Sub-Saharan Africa
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Press release: IFC, Mastercard Foundation present key tool to expand digital financial inclusion
“Agent banking and mobile money have begun to transform the financial landscape in many African markets, and there is an increasing body of evidence to show that this has real, positive impact on people’s lives and livelihoods,” said Riadh Naouar.
- Categories
- Finance
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